Enjoy the comfort of knowing exactly what your payments will be. Your rate stays the same for the term of your mortgage.

FIXED RATE
MORTGAGE
5-Year Closed High Ratio

2.39%

Get a great mortgage with a smaller down payment. Enjoy a dependable fixed rate for the term of your mortgage.

YOUR MORTGAGE. YOUR WAY.

Whether you’re in the market for a new mortgage or looking to renew, switch or refinance your existing mortgage, we make it simple and convenient. You can apply online or have one of our friendly Mortgage Specialists come to you, on your schedule.

GREAT FLEXIBILITY AND FEATURES

20/20 PREPAYMENT PRIVILEGES

Pay up to 20% of the original principal balance each year without penalty. You can also increase your monthly payment by up to 20% of your original payment plan each year.

SKIP-A-PAYMENT

Life happens – we can help. With Skip-a-Payment, you can skip one month’s mortgage payment and get some extra breathing room.

FLEXIBLE SCHEDULE

Get a payment schedule that fits your life and budget. You can choose from: weekly, bi-weekly, monthly, bi-monthly, or accelerated weekly or bi-weekly.

MORTGAGE PROTECTION

Our Group Mortgage Protection (GMP) is a monthly premium that helps safeguard your home in case of financial hardships including death, disability or critical illness.

THE FLEX-EQUITY MORTGAGE

Introducing the Flex-Equity Mortgage – a regular mortgage with a home equity line of credit. As you pay down the principal on your mortgage, you free up equity you can use to pay for things like renovations, a dream vacation and more, with no need to reapply.

THE FAMILY + FRIENDS MORTGAGE

You might be wondering how you’ll ever afford a home in this housing market, especially if you’re not in a conventional two income family. That’s why we created
the Family + Friends Mortgage – a practical way for modern families and friends to join forces and pool their financial resources to afford a larger shared home.

FIRST-TIME HOME BUYER INCENTIVE

The First-Time Home Buyer Incentive (FTHBI) is a program from the Canadian government that helps lower mortgage costs for eligible first-time home buyers. If you qualify, you could get 5 to 10% of a home’s purchase price as a shared equity mortgage with the government, in addition to your Meridian mortgage. This will help reduce mortgage payments without increasing your down payment.

Looking for the home of your dreams?

​*O.A.C Rates are subject to change without notice. Quoted rates are based on blended payments of principal and interest and is the regulatory Annual Percentage Rate if there is no cost of borrowing other than interest. Interest is calculated half-yearly, not in advance. Additional premiums may apply in cases of a refinance, amortizations greater than 25 years, non-owner occupied, or other instances where application details may warrant it. The interest rate with variable rate mortgages will fluctuate with Meridian Prime Rate, which is currently 3.95%. A High Ratio mortgage is applicable in cases where a borrower places a down payment of less than 20% of the purchase price on a home. Where applicable, the Bank of Canada qualifying rate is 5.19%. Builder's pricing applies to posted rates, not to promotional or special rates. For commercial mortgage rates, please speak to your Commercial Relationship Manager.

For a purchase price of $500,000 or less, the minimum down payment is 5%. When the purchase price is above $500,000 and under $1,000,000, the minimum down payment is 5% for the first $500,000 and 10% for the remaining portion.